I. price trend

In November 2019, the domestic antimony ingot market fell at the end of the month, with an average price of 42000 yuan / ton at the beginning of the month and 41625 yuan / ton at the end of the month, down 0.89%.

On November 30, the antimony commodity index was 57.95, unchanged from yesterday, down 43.36% from 102.32 (2012-10-16), the highest point in the cycle, and up 23.35% from 46.98, the lowest point on December 24, 2015. (Note: cycle refers to 2012-09-08 to now).

II. Market analysis

Upstream and downstream: this month, the price of antimony trioxide follows the trend of antimony ingot to the end of the month. As of the 30th, the average price of antimony trioxide is 99.5% at 36000 yuan / ton and 99.8% at 38500 yuan / ton. In terms of raw antimony ore, the price change this month is limited, and the price is relatively stable. Near the end of the year, some mine owners have the willingness to withdraw funds, but the price is relatively firm and the fluctuation is limited.

Domestic market: the spot market has been in a stable trend this month. Near the end of the month, the price is declining. This month, the market continues to have light trading and limited negotiation. As a result, some manufacturers slightly reduce the price to sell, resulting in a certain degree of price decline. However, nearly the end of the year, most manufacturers have basically completed their annual tasks, and will not make too much adjustment to the market. This price correction is also the previous period The small-scale fluctuation after the rise has limited impact on the market. The main domestic manufacturers are still firm in price mentality, and there is limited space for subsequent continuous decline. As of the end of the month, the average price of 2 × low bismuth antimony ingot is 39500 yuan / ton, 1 × antimony ingot is 40000 yuan / ton, 0 × antimony ingot is 41000 yuan / ton, and 2 × high bismuth antimony ingot is 37500 yuan / ton.

Industry: U.S. economic data is good. Powell said in the Federal Reserve’s beige book that he is optimistic about the U.S. economic expectations. The U.S. stock market has set a new record, but the high U.S. dollar also suppresses the basic metals.

III. future prospects

In December next week, European and American data sets will have a certain impact on market confidence and the dollar index. In the near future, the fund tolerance is high and the performance is loose. The domestic basic metals may be in the final rush active state before the end of the year. It is expected that the spot antimony ingot Market in East China will fluctuate slightly with limited price fluctuation.